Sylvamo Co. (NYSE:SLVM) Stock Holdings Decreased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lessened its position in Sylvamo Co. (NYSE:SLVM) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,277 shares of the company’s stock after selling 269 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Sylvamo were worth $110,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky lifted its holdings in shares of Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares in the last quarter. CWM LLC boosted its position in Sylvamo by 62.5% during the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after acquiring an additional 157 shares during the period. Fifth Third Bancorp grew its stake in Sylvamo by 149.3% during the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock valued at $35,000 after acquiring an additional 303 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Price Performance

NYSE SLVM opened at $91.26 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.74 billion, a PE ratio of 14.19 and a beta of 1.08. Sylvamo Co. has a 12-month low of $44.94 and a 12-month high of $98.02. The company has a 50 day moving average price of $86.33 and a two-hundred day moving average price of $77.08.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.26. The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. Sylvamo’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 EPS. As a group, equities analysts predict that Sylvamo Co. will post 7.07 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.97%. Sylvamo’s dividend payout ratio (DPR) is presently 27.99%.

Analysts Set New Price Targets

Several research firms have weighed in on SLVM. Sidoti began coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock. Royal Bank of Canada increased their price objective on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, Bank of America boosted their target price on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd.

Sylvamo Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.